Online payments

Virtual Piggy, which provides the Oink online wallet service for their youths, will release a prepaid Discover card to extend its offering to retail stores.

Banks and other traditional payment companies need to keep an open mind when assessing the market today as new entrants build systems to disrupt the old models, said Christine Cumming, first vice president of the Federal Reserve Bank of New York.

PayStand has established flat rates for online payments through electronic checks, saying its new format will allow non-profit organizations and service businesses to avoid credit card fees.

V-Key, a mobile security provider in Singapore, has received a $12 million investment from the Ant Financial Services Group, the Chinese financial services company that operates Alipay.

Conferma has integrated the MasterCard inControl service into its global travel payment network.

A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards.

Apple Inc. said customers in China can now use the country's most popular payment card for transactions on the App Store, as the iPhone maker seeks to woo users in the world's largest smartphone market.

Business-to-business payments are ripe for disruption and there are plenty of startups innovating in the space today. These newcomers, after being thwarted by corporate red tape, are finding a more welcoming audience from small businesses.

The co-founders of Mopay have officially joined the executive team of Boku, which acquired the German company last month.

Google Inc., citing a maturing e-commerce market, is telling merchants it will end support for its digital goods application programming interface. As such, they need to find another processor soon.

In what amounts to eliminating password use and evolving the Verified by Visa and SecureCode online authentication processes, MasterCard says a new security protocol it is developing with Visa could be implemented next year.

For payment technology developers, the stakes couldn't be higher as the FCC develops new rules that could support or eliminate net neutrality, a system in which Web access is equal for most users, regardless of size.

Allied Payment Network, an online payments company in Fort Wayne, Ind., released a new platform for small-businesses payments.

Space Coast Credit Union will work with ACI Worldwide, an electronic payment and banking service provider headquartered in Naples, Fla., for its online and mobile banking as well as electronic payments.

Alibaba needs help to build a market in the West and is openly courting cooperation with Apple and PayPal, suggesting sweeping e-commerce alliances and even acquisitions may soon follow.

Remittance incumbents and digital startups are aggressively dismissing each other in public statements, though both sides have distinct advantages in the battle to control the expanding remittance payments market.

Merchants are enticed by the lure of the huge e-commerce market in China, enough to give a number of early client wins to Alipay's U.S. merchant acquisition effort.

U.S. Bank, which has been aggressively building business payments technology, is adding Viewpost’s electronic invoice and payment network to the bank's website.

Seeking to help its clients benefit from consumers who increasingly shop online or through mobile devices, GoDaddy Operating Co. LLC has launched its online store product for small businesses.

Jan Estep, president and CEO of Nacha, discusses the organization's revised proposal to speed transactions on the automated clearing house network and how it improves on the plan that member banks voted down two years ago.